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Republican Senators Lummis, Cassidy Introduce 'Mined In America Act'
Yahoo Finance· 2026-03-30 20:04
Core Insights - The "Mined in America Act" aims to reshore critical crypto infrastructure and reduce reliance on foreign hardware [1] Group 1: Legislative Intent - The Mined in America Act has received support from industry groups like the Satoshi Action Fund, indicating a positive reception within the crypto community [3] - The bill aligns with a broader trend in U.S. tech policy towards tighter control over digital infrastructure, marking a significant shift from Bitcoin's original ideals [4] Group 2: Key Provisions - The Act directs the Department of Commerce to establish a voluntary certification program for cryptocurrency mining facilities, requiring certified miners to move away from equipment linked to foreign adversaries [5] - It mandates support for domestic mining by directing non-regulatory divisions within the Department of Commerce to assist U.S. manufacturers in developing secure and energy-efficient mining equipment [5] - The bill seeks to codify the "Strategic Bitcoin Reserve," formalizing its role within the Department of the Treasury [5]